Crown CastleCCI
Market Cap: $51.2B
About: Crown Castle International owns and leases roughly 40,000 cell towers in the United States. It also owns more than 90,000 route miles of fiber. It leases space on its towers to wireless service providers, which install equipment on the towers to support their wireless networks. The company's fiber is primarily leased by wireless service providers to set up small-cell network infrastructure and by enterprises for their internal connection needs. Crown Castle's towers and fiber are predominantly located in the largest us cities. The company has a very concentrated customer base, with about 75% of its revenue coming from the big three us mobile carriers. Crown Castle operates as a real estate investment trust.
Employees: 5,000
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
80% more call options, than puts
Call options by funds: $299M | Put options by funds: $166M
1.82% less ownership
Funds ownership: 93.6% [Q1] → 91.78% (-1.82%) [Q2]
6% less funds holding
Funds holding: 1,173 [Q1] → 1,102 (-71) [Q2]
8% less capital invested
Capital invested by funds: $43B [Q1] → $39.6B (-$3.34B) [Q2]
18% less repeat investments, than reductions
Existing positions increased: 397 | Existing positions reduced: 483
19% less funds holding in top 10
Funds holding in top 10: 16 [Q1] → 13 (-3) [Q2]
42% less first-time investments, than exits
New positions opened: 97 | Existing positions closed: 168
Research analyst outlook
7 Wall Street Analysts provided 1 year price targets over the past 3 months
7 analyst ratings
B of A Securities David Barden 67% 1-year accuracy 4 / 6 met price target | 2%downside $115 | Neutral Maintained | 13 Aug 2024 |
RBC Capital Jonathan Atkin 86% 1-year accuracy 12 / 14 met price target | 12%downside $104 | Sector Perform Maintained | 25 Jul 2024 |
Deutsche Bank Matthew Niknam 67% 1-year accuracy 10 / 15 met price target | 11%downside $105 | Hold Maintained | 23 Jul 2024 |
BMO Capital Ari Klein 100% 1-year accuracy 7 / 7 met price target | 8%downside $108 | Market Perform Maintained | 18 Jul 2024 |
B of A Securities David Barden 67% 1-year accuracy 4 / 6 met price target | 7%downside $110 | Neutral Maintained | 18 Jul 2024 |
Financial journalist opinion
Based on 18 articles about CCI published over the past 30 days